![TC09562 - [2025] UKFTT 00762 (TC)](https://backend.juristeca.com/files/emisores/logo_7HSuEAV.png){kind=logo}
the agreed issues
the agreed issues
Prior to the hearing, in addition to agreeing the above facts, the parties further agreed that:
this appeal gives rise to the following issues:
whether there was a deemed disposal and reacquisition of the Goodwill under Section 179(3); and
if there was, the quantum of the corporation tax due; and
in determining the above issues, the FTT needs to decide:
at the point of the Degrouping, and for the purposes of Section 179(3), did CPW own the Goodwill that it had acquired from the Vendor Companies?
what is the effect of the SPA and the MSA on the Goodwill, if any? How does this affect the quantum of the corporation tax due? and
if CPW did own the Goodwill at the point of the Degrouping, did CPW own the Goodwill as “trading stock” for the purposes of Section 179(3)?
- Heading
- Introduction
- Key parties
- Acquisition of the Businesses
- The SPA and the MSA
- The Degrouping
- Procedural background
- the agreed issues
- the agreements
- The SPA
- The MSA
- The Side Letter
- Initial observations on the Agreements and the Side Letter
- other documents
- The Prior SPAs
- The Property Services Agreement
- The Brand Licence
- The Accounts
- The Invoice
- “ About the matter we have finished checking
- “Partial closure notice (PCN)
- The issues – a summary
- Issue One – applicability of the authorities in relation to statutory construction
- Conclusion
- “15 In the task of ascertaining whether a particular statutory provision imposes a charge, or grants an exemption from a charge, the Ramsay approach is generally described – as it is in the statements
- Issue Two – the scope of the rule prohibiting assignment “in gross”
- Conclusion
- Issue Three – ownership of the Businesses following the execution of the Agreements
- Conclusion
- No provision in the Agreements for the transfer of the Businesses
- No provision in the Agreements for the transfer of assets other than Goodwill or the assumption of any liabilities
- No transfer of employees
- Did BBUK carry on the Businesses after the Agreements became effective?
- This meant that the only way that BBUK could carry on the Businesses was through CPW as its agent. In that regard, I do not doubt the fact that it is possible for a company to carry on a business thro
- Entitlement to the profits of the Businesses
- Conclusion in relation to the ability to dictate the overall strategy and direction of the Businesses and entitlement to the profits of the Businesses
- Final observations
- Conclusion
- Issue Four – assignment in equity
- Conclusion
- Issue Five – not the same asset
- Conclusion
- Issue Six – the relevance of the transaction effected by Agreements in the event that Section 179(3) applied
- Conclusion
- Issue Seven – the tax consequences of the transaction effected by Agreements in the event that Section 179(3) applied
- Conclusions